BMC Indicator V1.0 MT4

Introduction

BMC Indicator V1.0 MT4 is a custom technical analysis tool designed for the MetaTrader 4 platform. It helps traders identify potential buy and sell opportunities by analyzing price action, trend direction, and momentum strength. Unlike automated trading systems, this indicator does not execute trades automatically. Instead, it provides visual signals to support manual decision-making while allowing traders to maintain full control over risk management and trade execution.

Key Features

• Clear buy and sell signal markers on the chart
• Trend detection logic
• Momentum confirmation filtering
• Multi-timeframe compatibility
• Customizable sensitivity settings
• Alert notification options (popup, sound, push alerts)
• Lightweight performance on MT4
• Suitable for scalping, intraday, and swing trading
• Simple and user-friendly interface

Recommended Settings

Recommended settings may vary depending on trading style, but general guidelines include:

• Timeframes: M15 or M30 for intraday trading, H1 for swing trading
• Use on major currency pairs such as EURUSD, GBPUSD, USDJPY
• Medium sensitivity for balanced signal frequency
• Confirm signals with higher timeframe trend direction
• Avoid trading during high-impact news events

It is strongly recommended to test settings on a demo account before using it on a live account.

Backtest Result

As a manual indicator, backtesting results depend on trader execution and strategy rules. Typical observations include:

• Better performance in trending markets

• Reduced accuracy during sideways or choppy conditions

• Improved consistency when combined with support and resistance

• Higher win probability when used with proper risk-to-reward ratio

Since it does not trade automatically, performance varies based on user discipline and risk management.

Advantages

• Enhances chart clarity
• Improves entry timing precision
• Maintains full manual control
• Suitable for beginners and experienced traders
• Flexible across multiple timeframes
• Reduces emotional decision-making
• Easy to install and use
• Compatible with most MT4 brokers

Disadvantages

• Not fully automated
• Possible false signals in ranging markets
• Requires proper risk management
• Performance depends on trader execution
• No guaranteed profitability
• Learning curve for optimal parameter adjustment

Installation & Setup Guide

1. Download the BMC Indicator V1.0 file (.ex4 or .mq4).

2. Open MetaTrader 4.

3. Click File → Open Data Folder.

4. Open the MQL4 folder and then the Indicators folder.

5. Paste the indicator file into the Indicators folder.

6. Restart MT4.

7. Open your preferred currency pair and timeframe.

8. Drag the indicator from the Navigator panel onto the chart.

9. Adjust settings according to your trading preference and click OK.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.